GBA Presents: THE BARE ESSENTIALS

[stonedinvestor]

Ok before I go.... Netflix I am calling the bottom at $188!

It's official!

I had $180 written on my post it note but this is close enough.
$8 downside.

$90 upside. Buying tomorrow.

GBA: UPGRADE NFLX TO Lukewarm Buy>

GO LONG -! Netflix, Inc. (NFLX)
NasdaqGS - NasdaqGS
188.54-9.86(-4.97%) GBA Bottom Call**********
At close: 04:00PM EDT

 

[stonedinvestor]

Stocks: We're 'nearing peak bear sentiment' on Big Tech, gummybear analyst says

stonedinvestor
·Anchor, Editor-at-Large
Wed, April 27, 2022, 5:38 PM

The selling pressure in tech stocks amid slowing growth and rising interest rates is so brutal that an end has to be in sight, according to one tech analyst. But wait he's stoned.

"Our conversations with institutional investors is clearly very negative [on Big tech stocks]," gummybear advisors Chief Stock Analyst said. " The damn Hedge Fund continues to be very concerned around increasing global risk. That said, my personal view is, it feels like we're kind of nearing peak bear sentiment."

A week ago we upgraded tech.

Tech carnage is anywhere one looks right now.

All members of the closely watched FAAMG (Facebook, Amazon, Apple, Microsoft, and Google) complex, as well as Tesla and Netflix, are down more than 10% year to date.

Overall, the Nasdaq Composite has shed 20% so far in 2022 — on Tuesday, the Nasdaq notched its worst session since September 2020 — and the S&P has declined 12% year to date.

Stoned Investor says sentiment is so negative on Big Tech that the point may be nearing where it makes sense to buy.

"Everyone is universally bearish," stoney said taking along puff off a perfectly rolled joint.

 

[stonedinvestor]

 

[TrailerParkTed]

You have peaked my interest. Looking up FNGU.

Wait it's an index.

MicroSectors FANG+ Index 3X Leveraged ETN (FNGU)

Stoney, I sold VLO at $109 last week with CF about $108. Monday they both got crushed with ADM. I bought all three $92, $99 and $90.?
Today before Pete N mentioned the options in the May $125C, I bought more common $104-$105.

Maybe they know Pete is gonna mention VLO because it jumped $1.80 right before his piece to $109.4. You like VLO?

 

[vanzandt]

Ok before I go.... Netflix I am calling the bottom at $188!

It's official!

I had $180 written on my post it note but this is close enough.
$8 downside.

$90 upside. Buying tomorrow.

GBA: UPGRADE NFLX TO Lukewarm Buy>

GO LONG -! Netflix, Inc. (NFLX)
NasdaqGS - NasdaqGS
188.54-9.86(-4.97%) GBA Bottom Call**********
At close: 04:00PM EDT

Cramer said the same thing an hour earlier. You've really got to work on getting some original material Stoney. It's like the natural gas call. Why even pollute this thread with it when the entire world knows already.
NFLX at $187? Gee, no one would have ever thought of that.
Tech call?
Gee did it just drop 10% in 3 days?
Here let me try one:

VZ upgrade----> UPST @ $71.84

 

[vanzandt]

Van 100 NASDAQ | Post-Market: $269.85-78.76 (-22.59%) 4:23 PM AH

NFLX $239<-------- THIS COULD BE CLOSE....

Netflix, Inc. (NFLX)-$222-$223<-----------

223.51-125.10(-35.89%)
As of 10:02AM EDT.

Calling a bottom on Netflix
$211.00-7.22(-3.31%)<----------- Van?




[/SIZE]

ADDING 100 NFLX

216.52-9.67(-4.28%)
As of 12:03PM EDT.

Pretty rookie-ish all in all.
Ever heard of the 5 day rule?
That's when you let the dust settle Stoney.
Did you just start in this game?
Sometimes I wonder.
At least Cramer knew when to call the bottom.
He did it in one try, you took 5.


Do I have a crystal ball or what?

Stoney, it's down 33% lol.... eventually you'll get the bottom right and we of course will hear about some great savant call.

NFLX>>> $232

~savant

 

[vanzandt]

Stocks: We're 'nearing peak bear sentiment' on Big Tech, gummybear analyst says

stonedinvestor
·Anchor, Editor-at-Large
Wed, April 27, 2022, 5:38 PM

++++++++++++++++++++++++++

Weren't the futures up like 250 points when you made this post?


HEADLINE NEWS: Iran Nukes Saudi Arabia

STONEY THE NEXT MORNING: "The savant says buy oil stocks. I'm the greatest stock picker ever."

 

[stonedinvestor]

GOOD MORNING ALL SYSTEMS GO-!

- Market attempts to verify GBA Bottom.

1st abatement of selling pressure called by stoney a week ago and seconded by Van on Monday.


DISNEY IS NOW A BARE ESSENTIAL STOCK!

NETFLIX IS NOW A BARE ESSENTIAL STOCK!

FB IS NOW AN BARE ESSENTIAL STOCK!

Smoke em' / drink em go to SIX FLAGS!

I have an NFL DRAFT-- knock em dead -- GOOD LUCK!~si

 

[stonedinvestor]

Citi 'incrementally confident' in Meta shares after Q1 results 06:57 FB Citi analyst Ronald Josey says that given rising engagement trends, Reels adoption, potential around content discovery and improving ad measurement and targeting tools, he emerged from Meta Platforms' Q1 results "incrementally confident that the platform is effectively managing the broader competitive environment with multiple monetization opportunities ahead." The results and management's commentary around engagement trends, monetization improvements, and balancing long-term investments with near-term results and profitability "were what was needed for shares to stabilize given recent market volatility," Josey tells investors in a research note. He keeps a Buy rating on Meta with a $300 price target.

 

[stonedinvestor]

Citi opens 'Positive Catalyst Watch' on Flywire shares 06:50 FLYW Citi analyst Ashwin Shirvaikar opened a "Positive Catalyst Watch" on shares of Flywire ahead of the company's Q1 results. The analyst "strongly" believes a full cyclical recovery in Flywire's existing business has not yet been seen. Meanwhile, the May 19 analyst day should help to provide Flywire a positive catalyst into the second half of 2022 by promoting interest in the stock and potentially addressing investor questions on path to profitability, Shirvaikar tells investors in a research note. The analyst keeps a Buy rating on the shares with a $40 price target.